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Product manufacturers targeting SMSFs
Self-managed superannuation funds (SMSFs) have emerged as the key vehicle for investors taking a do it yourself approach, according to the latest assessment from research and ratings house, Lonsec.
The assessment also noted significant growth in the number of products launched over the past 12 months catering to direct investors.
Commenting on the findings, Lonsec senior investment analyst, Peter Green said given the average SMSF had almost a third of its assets invested in Australian shares, it was logical there should be a strong increase in the type of products aimed at such investors.
"This surge of interest has seen a sustained rise in new listed investment companies (LICs), exchange traded funds (ETFs) and separately managed accounts (SMAs), primarily driven by greater demand from direct investors," Green said.
He noted that Lonsec had provided ratings for 26 new Australian equities products in the past 12-18 months.
Green noted that, in particular, there had been a number of initial public offers for LICs, which had served to reverse the recent trend within the sector ETFs had also experienced rapid expansion in Australia in recent years with more than $16 billion in funds under management.
Separately managed accounts had also emerged as one of the fastest growing direct investment products.
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